The 2011 AGM resolved to introduce a share-price-related incentive programme for executive management to apply during the 2011 and 2012 financial years. The outcome is based on the company’s share-price trend during the years 2011-2014. The CEO and other senior executives participated in the incentive programme during the years 2011 and 2012, when the profitability and sales targets that had been established at the beginning of each year were achieved. The programme for 2011, in which the outcome was based on a comparison between the company’s share price and a general index on Nasdaq OMX Stockholm in 2013 compared with 2010, was concluded without entitling any bonus payment.
The programme for year 2012 is based on a comparison between the company’s share price and a general index on Nasdaq OMX Stockholm. The company’s share price must have outperformed the general index by at least 25% in 2014 compared with 2011 to entitle a bonus payment. Any remuneration will be paid in 2015. The outcome of the incentive programme is maximised to an amount corresponding to 1.44 monthly salaries for those covered by the programme.
Remuneration under this incentive programme is encompassed within the framework of variable remuneration as described in “Remuneration policies.”